In the last trading session, 1.13 million shares of the Third Harmonic Bio Inc (NASDAQ:THRD) were traded, and its beta was 2.90. Most recently the company’s share price was $14.58, and it changed around $0.08 or 0.55% from the last close, which brings the market valuation of the company to $599.24M. THRD currently trades at a discount to its 52-week high of $16.94, offering almost -16.19% off that amount. The share price’s 52-week low was $5.76, which indicates that the current value has risen by an impressive 60.49% since then. We note from Third Harmonic Bio Inc’s average daily trading volume that its 10-day average is 0.16 million shares, with the 3-month average coming to 155.47K.
Third Harmonic Bio Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended THRD as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Third Harmonic Bio Inc is expected to report earnings per share of -0.3 for the current quarter.
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Third Harmonic Bio Inc (NASDAQ:THRD) trade information
Instantly THRD has showed a green trend with a performance of 0.55% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.00 on recent trading dayincreased the stock’s daily price by 2.8%. The company’s shares are currently up 32.91% year-to-date, but still up 8.89% over the last five days. On the other hand, Third Harmonic Bio Inc (NASDAQ:THRD) is 7.60% up in the 30-day period. We can see from the shorts that 2.78 million shares have been sold at a short interest cover period of 8.34 day(s).
The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 23.26% from its current value. Analyst projections state that THRD is forecast to be at a low of $3.6 and a high of $23.
Third Harmonic Bio Inc (THRD) estimates and forecasts
Third Harmonic Bio Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 30.88 percent over the past six months and at a -34.62% annual growth rate that is well below the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -57.90% in revenue this quarter, and will report a decrease of -88.20% in the next quarter.
THRD Dividends
Third Harmonic Bio Inc’s next quarterly earnings report is expected to be released in November.
Third Harmonic Bio Inc (NASDAQ:THRD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.92% of Third Harmonic Bio Inc shares, and 104.04% of them are in the hands of institutional investors. The stock currently has a share float of 115.50%. Third Harmonic Bio Inc stock is held by 114.0 institutions, with ATLAS VENTURE LIFE SCIENCE ADVISORS, LLC being the largest institutional investor. By 2024-06-30, it held 26.8961% of the shares, which is about 10.91 million shares worth $141.8 million.
ORBIMED ADVISORS LLC, with 14.2498% or 5.78 million shares worth $75.13 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
